American Defense Systems Inc (ADFS)

[TICKERTALKER]

*This is a real company with about 90 employees.
*The CEO recently spoke of two opportunities which I am hoping will turn this situation around. The biggest is where he said they are waiting for clearances with foreign governments to proceed with some big time contracting. The second was their exclusive right to sell a flame retardent to the U.S. Marines.
*I have been watching for an entry point and jumped in last week. *The biggest problem seems to be what is owed to the prefered share holders. At least these are not bond holders or a bank. I don't think bankruptcy will happen.
*Finally it looks like they still have work to keep them going for a couple of quarters with current contracts.

Are there any other signs of hope?